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Nvidia Shares Plummet Amidst AI Stock Sell-Off

As of 2023, Nvidia's stock price has grown by approximately 146% year-to-date, driven by its dominant position in AI chip technology and strong demand for its GPUs. Nvidia shares experienced their most significant single-day decline, dropping over 9% on Tuesday amid a broader sell-off in artificial intelligence (AI) stocks. The market's retreat from AI stocks…

ByPexecoSeptember 4, 20240Comments

Economic Calendar News

Tech Giants and Retailers Dominate a Crucial Week for Earnings Reports

Reports from Nvidia, Salesforce, Dell, and CrowdStrike are set to headline a busy week for earnings in the tech sector. Investors are also eyeing financial updates from major retailers like Dollar General, Five Below, Abercrombie & Fitch, and Ulta Beauty. The week will be capped off with crucial inflation data on Friday, which will be…

ByPexecoAugust 25, 20240Comments

Finance News

Germany’s business climate worsens in July: European stocks plunge

Germany's business sentiment worsened more than expected in July, marking the second consecutive monthly decline, bolstering fears that the Eurozone's largest economy is once again under pressure. Sentiment among German companies worsened more than anticipated in July, marking the second consecutive monthly decline, the ifo Institute reported on Thursday. DAX Chart Daily Time Frame The monthly…

ByPexecoJuly 26, 20240Comments

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Nvidia Shares Plummet Amidst AI Stock Sell-Off

Tech Giants and Retailers Dominate a Crucial Week for Earnings Reports